Mr. Chairman

Steve Jobs has resigned from Apple.

I don’t care to speculate on the health of people, but I would guess that Jobs did not want to step down at this point — rather he needed to step down.

There is about to be rampant speculation and rumors running amok about this: ignore them all.

Here’s what you really need to know:

With Tim Cook presumably taking the role of CEO (it has yet to be made official) and Jobs moving to Chairman of the Board, Director, and Apple Employee — what really changes?

Not much, mostly titles would be my guess. The unfortunate truth of the situation is that Jobs has had a very diminished role in Apple for the past several years while he battled various health issues. Cook has been Jobs’ go to guy doing this entire period — Cook has been running Apple a lot lately.

That’s what you need to know.

Jobs will still be heard when he needs to be.

And Cook? Cook has already shown himself more than capable for the job.

Life will go on, Apple will be fine.

Stay Hungry. Stay Foolish.

Originally posted for members on: August 24, 2011
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